Shares of B&M European Value Retail (LSE:BME) dropped more than 3% on Friday after the UK’s largest discount variety retailer unveiled a series of leadership changes, including a shift in its finance function.
The group confirmed that Helen Cowing has stepped down from her role as Interim Chief Financial Officer with immediate effect. She has been replaced on a temporary basis by Peter Waterhouse, the company’s Group Financial Controller, who joined B&M in 2013 and has held senior finance positions since 2020. Waterhouse will remain in the role while the company searches for a permanent CFO.
Trading activity was relatively subdued, with around 1.94 million shares changing hands—about 82% below the stock’s 30-day average volume.
Despite a modest recovery of roughly 8% since the start of the year, the shares remain under pressure, sitting just 15.9% above their all-time low of 154p recorded in November 2025 and still down approximately 37% over the past 12 months.
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